Shares of Shiloh Industries, Inc. (NASDAQ:SHLO) have earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating and one has given a strong buy rating to the company.
Brokers have set a 1-year consensus target price of $9.25 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Shiloh Industries an industry rank of 228 out of 256 based on the ratings given to related companies.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Saturday, April 27th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
A number of large investors have recently added to or reduced their stakes in the business. Weber Alan W increased its holdings in shares of Shiloh Industries by 35.9% in the first quarter. Weber Alan W now owns 1,032,520 shares of the basic materials company’s stock worth $5,679,000 after acquiring an additional 272,824 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Shiloh Industries by 55.1% in the first quarter. Wedge Capital Management L L P NC now owns 128,908 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 45,808 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Shiloh Industries by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 156,744 shares of the basic materials company’s stock worth $914,000 after acquiring an additional 26,788 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Shiloh Industries by 2.0% in the fourth quarter. BlackRock Inc. now owns 953,936 shares of the basic materials company’s stock worth $5,561,000 after acquiring an additional 18,294 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Shiloh Industries by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 154,690 shares of the basic materials company’s stock worth $901,000 after acquiring an additional 6,735 shares in the last quarter. 44.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SHLO traded down $0.03 on Monday, reaching $5.06. 1,351 shares of the stock traded hands, compared to its average volume of 137,104. The firm has a market cap of $120.95 million, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 3.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.05 and a current ratio of 1.36. Shiloh Industries has a 12 month low of $3.98 and a 12 month high of $12.28. The stock’s 50-day moving average is $4.88.
Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings data on Monday, June 10th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $273.37 million for the quarter. Shiloh Industries had a positive return on equity of 2.45% and a negative net margin of 0.09%. As a group, equities research analysts anticipate that Shiloh Industries will post 0.3 earnings per share for the current year.
Shiloh Industries Company Profile
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.
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